Cwm LLC Purchases 1,342 Shares of Duke Energy Co. (NYSE:DUK)

Cwm LLC raised its position in Duke Energy Co. (NYSE:DUK) by 3.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,594 shares of the utilities provider’s stock after acquiring an additional 1,342 shares during the quarter. Cwm LLC’s holdings in Duke Energy were worth $5,026,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of DUK. Mackenzie Financial Corp raised its holdings in Duke Energy by 65.7% in the 2nd quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock worth $205,769,000 after purchasing an additional 813,744 shares during the period. Wulff Hansen & CO. lifted its position in shares of Duke Energy by 9,923.0% during the 2nd quarter. Wulff Hansen & CO. now owns 769,265 shares of the utilities provider’s stock valued at $77,103,000 after buying an additional 761,590 shares in the last quarter. BROOKFIELD Corp ON bought a new position in shares of Duke Energy during the 1st quarter valued at approximately $36,278,000. Capital Research Global Investors increased its holdings in Duke Energy by 3.2% in the 1st quarter. Capital Research Global Investors now owns 11,493,340 shares of the utilities provider’s stock worth $1,111,521,000 after acquiring an additional 352,320 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Duke Energy by 0.5% during the first quarter. Vanguard Group Inc. now owns 70,675,702 shares of the utilities provider’s stock valued at $6,835,047,000 after purchasing an additional 324,289 shares in the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. KeyCorp increased their price target on Duke Energy from $121.00 to $125.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Barclays lifted their target price on Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Wells Fargo & Company increased their price objective on shares of Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $135.00 target price on shares of Duke Energy in a report on Thursday, August 29th. Finally, The Goldman Sachs Group lifted their price target on shares of Duke Energy from $102.00 to $113.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $120.15.

Insider Buying and Selling at Duke Energy

In other news, EVP Louis E. Renjel sold 540 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $113.64, for a total value of $61,365.60. Following the sale, the executive vice president now directly owns 19,884 shares in the company, valued at approximately $2,259,617.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is owned by insiders.

Duke Energy Stock Up 0.9 %

NYSE:DUK opened at $114.17 on Friday. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.53. The firm has a market cap of $88.16 billion, a PE ratio of 21.03, a price-to-earnings-growth ratio of 3.06 and a beta of 0.46. The company has a 50-day moving average of $114.38 and a 200 day moving average of $105.96. Duke Energy Co. has a 1-year low of $85.79 and a 1-year high of $118.31.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. The firm had revenue of $7.17 billion for the quarter, compared to the consensus estimate of $6.84 billion. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the firm earned $0.91 earnings per share. As a group, research analysts anticipate that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Friday, November 15th. Duke Energy’s payout ratio is currently 76.98%.

Duke Energy Company Profile

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.